Sector

Healthcare and Public ServicesSpecialist IndustrialStructured FinanceTMTTransportUtilities

Location

FranceGermanyNordicsSwitzerlandUKRepublic of Ireland

Fund

STAR ISTAR IISTAR Finance PartnershipSTAR IIIOther

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Sector

Specialist Industrial

Location

Germany

Entry date

April 2007

Exit date

December 2013

Fund

STAR I

Status

Realised

Overview

MSE is a metals recycling business focused on the recovery of valuable magnesium, aluminium and iron composite metal waste sourced from the automotive sector. There is a long-term positive trend towards the use of magnesium in the automotive sector, due to it being relatively light weight in comparison to other engineering materials.

In 2007, STAR invested in MSE to develop the plant using an established separation process technology in a novel construction. The foundation of the business was based on a 5 year contract with BMW, recycling material from their engine production. This contract was subsequently extended.

MSE was sold in December 2013.

Strategic qualities

Provides critical service to customers as the only known plant able to recycle oily composite magnesium / aluminium waste

Long-term contractual relationship with BMW to recycle material from their engine production

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Contact

STAR Capital Partnership LLP

STAR Capital Partnership LLP is a limited liability partnership incorporated in England (number OC402487) and its registered office is 15th Floor, 33 Cavendish Square, London W1G 0PW. STAR Capital Partnership LLP is authorised and regulated by the Financial Conduct Authority (with reference number 752696) and is a member of the BVCA. Use of this website is subject to the terms and conditions which are accessed by clicking below. Please read these carefully. By proceeding, you are deemed to have accepted the terms and conditions governing the use of this website.